As part of our stewardship efforts, LACERA tracks and comments on proposed changes to relevant laws and regulations, as well as any other issues that could affect our investments. Public correspondence to legislators, regulators, and other entities includes the following:
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Joint letter to U.S. Securities and Exchange Commission Acting Chairman regarding CEO-to-worker pay ratio implementation.
Council of Institutional Investors joint investor letter to Snap Inc. regarding a proposed multiclass structure for its prospective initial public offering.